K\u00fcresel petrol piyasas\u0131nda arz endi\u015felerinin yerini giderek lojistik maliyetler alsa da K\u00f6rfez petrol ihracat\u0131 toparlanmas\u0131na ra\u011fmen fiziksel fiyatlar y\u00fcksek kalmay\u0131 s\u00fcrd\u00fcr\u00fcyor. Goldman Sachs, Basra K\u00f6rfezi petrol ihracat\u0131n\u0131n dark exports dahil son iki haftada g\u00fcnde 22-23 milyon varile \u00e7\u0131karak 2025 ortalamas\u0131na yakla\u015ft\u0131\u011f\u0131n\u0131, ancak Dated Brent\u2019in h\u00e2l\u00e2 \u00e7ok y\u00fcksek oldu\u011funu belirtiyor.<\/p>\n
JPMorgan\u2019\u0131n daha muhafazak\u00e2r hesab\u0131na g\u00f6re b\u00f6lgedeki ihracat 2025 seviyelerinin yakla\u015f\u0131k y\u00fczde 89\u2019una ula\u015ft\u0131; fark\u0131n \u00f6nemli b\u00f6l\u00fcm\u00fc dark fleet\u2019in ne kadar\u0131n\u0131n hesaba kat\u0131ld\u0131\u011f\u0131na dayan\u0131yor. Goldman, dark exports\u2019u eyl\u00fclde g\u00fcnde yakla\u015f\u0131k 5 milyon varil olarak tahmin ederken toparlanmay\u0131 \u00f6zellikle Suudi Arabistan\u2019\u0131n \u00f6nc\u00fcl\u00fck etti\u011fi ham petrol sevkiyatlar\u0131 ta\u015f\u0131d\u0131; \u0130ran\u2019dan ise eyl\u00fclde deniz yoluyla ham petrol ihracat\u0131 g\u00f6r\u00fclmedi.<\/p>\n
Ancak petrol \u00fcr\u00fcnleri taraf\u0131 belirgin \u015fekilde zay\u0131f kald\u0131 ve dizel, benzin ile jet yak\u0131t\u0131 ihracat\u0131 normalin yakla\u015f\u0131k yar\u0131s\u0131 seviyesinde seyrediyor. Goldman, bunu b\u00f6lgedeki rafineri ar\u0131zalar\u0131na ve daha yan\u0131c\u0131 y\u00fckler ta\u015f\u0131yan k\u00fc\u00e7\u00fck \u00fcr\u00fcn tankerlerinin kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu daha y\u00fcksek riske ba\u011fl\u0131yor.<\/p>\n
Ham petrol\u00fcn al\u0131c\u0131lara ula\u015ft\u0131r\u0131lma maliyetini art\u0131ran tanker s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 da fiyatlar\u0131 destekliyor; H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00e7evresindeki g\u00fcvenlik riskleri, alternatif rotalar ve gemiler aras\u0131 aktarmalar kapasitenin verimsiz kullan\u0131lmas\u0131na yol a\u00e7\u0131yor. JPMorgan baz\u0131 g\u00fczerg\u00e2hlarda ta\u015f\u0131ma maliyetlerinin varil ba\u015f\u0131na 35-41 dolar seviyesine \u00e7\u0131kt\u0131\u011f\u0131n\u0131, bunun Avrupa rafinerilerinin k\u00e2r marjlar\u0131n\u0131 bask\u0131layarak \u00fcretim kesintisi riskini art\u0131rd\u0131\u011f\u0131n\u0131 de\u011ferlendiriyor.<\/p>\n
Goldman ayr\u0131ca Dated Brent\u2019in yak\u0131n zamanda varil ba\u015f\u0131na 120 dolar civar\u0131nda oldu\u011funu, vadeli fiyatlar\u0131n ise bunun gerisinde kald\u0131\u011f\u0131n\u0131; bu fark\u0131n uzun vadeli \u00fcretim kayg\u0131lar\u0131 ve OECD d\u0131\u015f\u0131 ticari stoklar d\u0131\u015f\u0131nda k\u00fcresel stoklar\u0131n rekor d\u00fc\u015f\u00fck seviyelere inmesi nedeniyle al\u0131c\u0131lar\u0131n depolar\u0131n\u0131 h\u0131zla yenilemesinden kaynakland\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor. Banka Brent\u2019in y\u0131l sonuna kadar 85 dolara, 2027\u2019de ise 80 dolara gerilemesini beklerken, hafta sonu Husi g\u00fc\u00e7lerinin Suudi Aramco tesislerine y\u00f6nelik iddialar\u0131 ve Trump\u2019\u0131n enerji ate\u015fkesi a\u00e7\u0131klamas\u0131 petrol\u00fc a\u015fa\u011f\u0131 \u00e7ekti.<\/p>\n
\u00d6te yandan Husi g\u00fc\u00e7lerinin Riyad\u2019daki havaliman\u0131na ve Dammam\u2019daki King Fahd Uluslararas\u0131 Havaliman\u0131 ile iki Saudi Aramco tesisine y\u00f6nelik sald\u0131r\u0131 iddialar\u0131 s\u00fcrerken, Suudi Arabistan ve \u0130ran d\u0131\u015fi\u015fleri bakanlar\u0131 tansiyonun d\u00fc\u015f\u00fcr\u00fclmesini g\u00f6r\u00fc\u015ft\u00fc. Trump\u2019\u0131n Rusya ile Ukrayna\u2019n\u0131n derhal bir enerji ate\u015fkesi \u00fczerinde anla\u015ft\u0131\u011f\u0131n\u0131 s\u00f6ylemesine ra\u011fmen Kiev, Rusya\u2019n\u0131n saatler i\u00e7inde enerji tesislerini vurdu\u011funu bildirdi ve Kremlin anla\u015fmay\u0131 kamuoyu \u00f6n\u00fcnde do\u011frulamad\u0131.<\/p>\n
Goldman\u2019a g\u00f6re petrol piyasas\u0131nda jeopolitik riskler, ta\u015f\u0131mac\u0131l\u0131k s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 ve zay\u0131f \u00fcr\u00fcn ak\u0131\u015flar\u0131 k\u0131sa vadede fiyatlar\u0131 desteklemeye devam ediyor; buna kar\u015f\u0131n Jim Cramer sava\u015f s\u00fcrd\u00fck\u00e7e ham petrol\u00fcn 100 dolar civar\u0131nda kalmas\u0131n\u0131 bekledi\u011fini s\u00f6yledi.<\/p>\n
\ud83d\udca1 Bilgi Notu:<\/strong> Dark exports ve dark fleet, sevkiyat\u0131n resmi takip sistemlerine tam g\u00f6r\u00fcnmeden yap\u0131ld\u0131\u011f\u0131 ta\u015f\u0131malar\u0131 anlat\u0131r; yani gemilerin bir k\u0131sm\u0131 izlenmesi zor \u015fekilde \u00e7al\u0131\u015f\u0131r. Dated Brent ise spot piyasadaki g\u00fcncel petrol fiyat\u0131n\u0131 g\u00f6steren bir \u00f6l\u00e7\u00fctt\u00fcr; vadeli fiyatlardan farkl\u0131 olarak \u201c\u015fu anki\u201d fiziksel piyasa de\u011ferine daha yak\u0131nd\u0131r.<\/p>\n \ud83d\udcca Piyasa Etkisi:<\/strong> Petrolde lojistik s\u0131k\u0131\u015f\u0131kl\u0131k ve jeopolitik risklerin s\u00fcrmesi, k\u0131sa vadede fiyatlar\u0131 destekleyici kalabilir. \u00d6zellikle arz\u0131n al\u0131c\u0131ya ula\u015fma maliyetinin artmas\u0131, rafineri marjlar\u0131n\u0131 s\u0131k\u0131\u015ft\u0131rarak \u00fcr\u00fcn fiyatlar\u0131nda ve enerji hisselerinde oynakl\u0131\u011f\u0131 art\u0131rabilir.<\/p>\n","protected":false},"excerpt":{"rendered":" K\u00fcresel petrol piyasas\u0131nda arz endi\u015felerinin yerini giderek lojistik maliyetler alsa da K\u00f6rfez petrol ihracat\u0131 toparlanmas\u0131na ra\u011fmen fiziksel fiyatlar y\u00fcksek kalmay\u0131<\/p>\n","protected":false},"author":1,"featured_media":29687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","fxk_merge_backup":"[{\"ts\":\"2026-10-11 22:31:19\",\"content\":\"\\nK\\u00fcresel petrol piyasas\\u0131nda arz endi\\u015felerinin yerini giderek lojistik maliyetler al\\u0131yor. Orta Do\\u011fu\\u2019daki enerji sevkiyatlar\\u0131n\\u0131n k\\u0131smen toparlanmas\\u0131na ra\\u011fmen tanker ta\\u015f\\u0131mac\\u0131l\\u0131\\u011f\\u0131ndaki kapasite s\\u0131k\\u0131\\u015f\\u0131kl\\u0131\\u011f\\u0131, ham petrol\\u00fcn al\\u0131c\\u0131lara ula\\u015ft\\u0131r\\u0131lma maliyetini yeniden ilkbahar d\\u00f6nemindeki zirvelere ta\\u015f\\u0131d\\u0131. JPMorgan\\u2019\\u0131n de\\u011ferlendirmelerine g\\u00f6re, y\\u00fckselen navlun \\u00fccretleri Avrupa\\u2019daki rafineri k\\u00e2r marjlar\\u0131n\\u0131 da bask\\u0131layarak \\u00fcretim kesintisi riskini art\\u0131r\\u0131yor.\\n\\n\\n\\nEkim ay\\u0131nda petrol piyasas\\u0131n\\u0131n kar\\u015f\\u0131 kar\\u015f\\u0131ya oldu\\u011fu temel sorun, yaln\\u0131zca yeterli miktarda ham petrol bulunup bulunmamas\\u0131 de\\u011fil, mevcut petrol\\u00fcn istenen b\\u00f6lgelere hangi maliyetle ta\\u015f\\u0131nabildi\\u011fi. Bu de\\u011fi\\u015fim, k\\u00fcresel enerji piyasas\\u0131nda fiyatlar\\u0131n neden y\\u00fcksek kalmaya devam etti\\u011fini a\\u00e7\\u0131klayan \\u00f6nemli unsurlardan biri olarak \\u00f6ne \\u00e7\\u0131k\\u0131yor.\\n\\n\\n\\n\\n\\n\\u0130\\u00e7indekiler\\n\\nTanker Ta\\u015f\\u0131mac\\u0131l\\u0131\\u011f\\u0131nda Maliyetler Sert Y\\u00fckseldiAvrupa Rafinerilerinde K\\u00e2r Marj\\u0131 Bask\\u0131s\\u0131Ekim Ay\\u0131nda \\u0130lkbahardaki Kriz Yeniden G\\u00fcndemdeH\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 Belirsizli\\u011fi S\\u00fcr\\u00fcyorPetrol Fiyatlar\\u0131nda Lojistik Belirleyici Olabilir\\nTanker Ta\\u015f\\u0131mac\\u0131l\\u0131\\u011f\\u0131nda Maliyetler Sert Y\\u00fckseldi\\n\\n\\n\\nH\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 \\u00e7evresindeki g\\u00fcvenlik riskleri, tankerlerin kullan\\u0131m bi\\u00e7imini ve k\\u00fcresel deniz ta\\u015f\\u0131mac\\u0131l\\u0131\\u011f\\u0131 rotalar\\u0131n\\u0131 \\u00f6nemli \\u00f6l\\u00e7\\u00fcde de\\u011fi\\u015ftirdi. Petrol sevkiyatlar\\u0131n\\u0131n devam edebilmesi i\\u00e7in kullan\\u0131lan alternatif g\\u00fczerg\\u00e2hlar ve gemiler aras\\u0131ndaki aktarma operasyonlar\\u0131, mevcut tanker kapasitesinin daha verimsiz kullan\\u0131lmas\\u0131na neden oluyor.\\n\\n\\n\\nBuna ek olarak, Atlantik havzas\\u0131ndan Asya\\u2019ya y\\u00f6nelen ham petrol sevkiyatlar\\u0131n\\u0131n artmas\\u0131, uzun mesafeli ta\\u015f\\u0131mac\\u0131l\\u0131\\u011fa olan talebi y\\u00fckseltiyor. Bu geli\\u015fmeler, \\u00f6zellikle \\u00e7ok b\\u00fcy\\u00fck ham petrol tankerlerinin (VLCC) kullan\\u0131labilir kapasitesini daralt\\u0131rken navlun fiyatlar\\u0131n\\u0131 rekor seviyelere yakla\\u015ft\\u0131r\\u0131yor.\\n\\n\\n\\nJPMorgan\\u2019\\u0131n de\\u011ferlendirmelerinde baz\\u0131 g\\u00fczerg\\u00e2hlarda ta\\u015f\\u0131ma maliyetlerinin varil ba\\u015f\\u0131na 35-41 dolar seviyesine ula\\u015ft\\u0131\\u011f\\u0131na dikkat \\u00e7ekiliyor. B\\u00f6ylece petrol\\u00fcn nakliye maliyeti, toplam teslimat fiyat\\u0131n\\u0131n \\u00e7ok daha b\\u00fcy\\u00fck bir b\\u00f6l\\u00fcm\\u00fcn\\u00fc olu\\u015fturmaya ba\\u015flad\\u0131.\\n\\n\\n\\nAvrupa Rafinerilerinde K\\u00e2r Marj\\u0131 Bask\\u0131s\\u0131\\n\\n\\n\\nY\\u00fckselen nakliye giderleri, Avrupa\\u2019daki rafinerilerin maliyet yap\\u0131s\\u0131n\\u0131 da zorluyor. Ham petrol\\u00fc y\\u00fcksek ta\\u015f\\u0131ma maliyetleriyle sat\\u0131n alan rafineriler, i\\u015fleme sonras\\u0131nda elde ettikleri \\u00fcr\\u00fcnleri ayn\\u0131 \\u00f6l\\u00e7\\u00fcde y\\u00fcksek fiyatlardan satamad\\u0131klar\\u0131nda k\\u00e2rl\\u0131l\\u0131k kayb\\u0131yla kar\\u015f\\u0131la\\u015f\\u0131yor.\\n\\n\\n\\nBu durum rafineri marjlar\\u0131n\\u0131n yeniden negatif b\\u00f6lgeye gerilemesine yol a\\u00e7abilecek bir risk olu\\u015fturuyor. Marjlar\\u0131n uzun s\\u00fcre d\\u00fc\\u015f\\u00fck kalmas\\u0131 halinde baz\\u0131 tesislerin \\u00fcretim miktarlar\\u0131n\\u0131 azaltmas\\u0131 veya operasyonlar\\u0131n\\u0131 ge\\u00e7ici olarak s\\u0131n\\u0131rlamas\\u0131 g\\u00fcndeme gelebilir.\\n\\n\\n\\nOlas\\u0131 \\u00fcretim kesintileri ise \\u00f6zellikle dizel gibi enerji \\u00fcr\\u00fcnlerinde arz\\u0131n daha da s\\u0131k\\u0131\\u015fmas\\u0131na neden olabilir. Dolay\\u0131s\\u0131yla tanker krizi, yaln\\u0131zca ham petrol\\u00fcn fiyat\\u0131n\\u0131 de\\u011fil, rafine yak\\u0131tlar\\u0131n bulunabilirli\\u011fini ve maliyetini de etkileyebilecek bir geli\\u015fme olarak de\\u011ferlendiriliyor.\\n\\n\\n\\nEkim Ay\\u0131nda \\u0130lkbahardaki Kriz Yeniden G\\u00fcndemde\\n\\n\\n\\nPetrol piyasas\\u0131n\\u0131n mevcut g\\u00f6r\\u00fcn\\u00fcm\\u00fc, ilkbahar d\\u00f6nemindeki geli\\u015fmelerle benzerlik ta\\u015f\\u0131sa da iki d\\u00f6nemin temel dinamikleri farkl\\u0131la\\u015f\\u0131yor.\\n\\n\\n\\n\\u0130lkbaharda fiyatlar\\u0131 yukar\\u0131 ta\\u015f\\u0131yan ana unsur, ham petrol arz\\u0131ndaki do\\u011frudan kay\\u0131plard\\u0131. Ekim ay\\u0131nda ise sevkiyatlar\\u0131n k\\u0131smen toparlanmas\\u0131na kar\\u015f\\u0131n ta\\u015f\\u0131ma, sigorta ve lojistik maliyetlerinin y\\u00fcksek kalmas\\u0131 \\u00f6n plana \\u00e7\\u0131k\\u0131yor.\\n\\n\\n\\nBu ayr\\u0131m, k\\u00fcresel petrol arz\\u0131ndaki iyile\\u015fmenin fiyatlara neden beklenen \\u00f6l\\u00e7\\u00fcde yans\\u0131mad\\u0131\\u011f\\u0131n\\u0131 da a\\u00e7\\u0131kl\\u0131yor. Piyasaya daha fazla petrol ula\\u015fmas\\u0131 tek ba\\u015f\\u0131na fiyatlar\\u0131n d\\u00fc\\u015fmesi i\\u00e7in yeterli olmayabilir; bu petrol\\u00fcn g\\u00fcvenli ve ekonomik bi\\u00e7imde ta\\u015f\\u0131nabilmesi de gerekiyor.\\n\\n\\n\\nH\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 Belirsizli\\u011fi S\\u00fcr\\u00fcyor\\n\\n\\n\\nOrta Do\\u011fu\\u2019daki jeopolitik geli\\u015fmeler, tanker piyasas\\u0131ndaki s\\u0131k\\u0131\\u015f\\u0131kl\\u0131\\u011f\\u0131n temel nedenlerinden biri olmaya devam ediyor. H\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 \\u00fczerinden ger\\u00e7ekle\\u015ftirilen sevkiyatlar\\u0131n yeniden artmas\\u0131 arz a\\u00e7\\u0131s\\u0131ndan olumlu bir geli\\u015fme olsa da g\\u00fcvenlik riskleri ve alternatif ta\\u015f\\u0131ma y\\u00f6ntemlerine duyulan ihtiya\\u00e7 lojistik maliyetleri y\\u00fcksek tutuyor.\\n\\n\\n\\nB\\u00f6lgede gerilimin azalmas\\u0131 halinde tankerlerin daha verimli rotalara d\\u00f6nmesi ve navlun \\u00fccretlerinin zaman i\\u00e7erisinde normalle\\u015fmesi m\\u00fcmk\\u00fcn olabilir. Ancak bunun ger\\u00e7ekle\\u015fmesi, yaln\\u0131zca petrol ak\\u0131\\u015flar\\u0131n\\u0131n artmas\\u0131na de\\u011fil, ta\\u015f\\u0131mac\\u0131l\\u0131k sisteminin daha \\u00f6ng\\u00f6r\\u00fclebilir ve g\\u00fcvenli hale gelmesine de ba\\u011fl\\u0131.\\n\\n\\n\\nPetrol Fiyatlar\\u0131nda Lojistik Belirleyici Olabilir\\n\\n\\n\\nPetrol piyasas\\u0131nda bundan sonraki d\\u00f6nemde yaln\\u0131zca Brent ve WTI gibi g\\u00f6sterge fiyatlar\\u0131n de\\u011fil, ham petrol\\u00fcn farkl\\u0131 b\\u00f6lgelerdeki teslimat maliyetlerinin de yak\\u0131ndan izlenmesi gerekiyor.\\n\\n\\n\\nTanker \\u00fccretlerinin y\\u00fcksek kalmas\\u0131, ham petrol arz\\u0131 toparlansa bile rafinerilerin kar\\u015f\\u0131la\\u015ft\\u0131\\u011f\\u0131 maliyet bask\\u0131s\\u0131n\\u0131 s\\u00fcrd\\u00fcrebilir. \\u00dcretim kesintilerinin yayg\\u0131nla\\u015fmas\\u0131 halinde ise \\u00f6zellikle dizel piyasas\\u0131nda yeni bir s\\u0131k\\u0131\\u015f\\u0131kl\\u0131k ortaya \\u00e7\\u0131kabilir.\\n\\n\\n\\nK\\u00fcresel petrol piyasas\\u0131n\\u0131n y\\u00f6n\\u00fc a\\u00e7\\u0131s\\u0131ndan H\\u00fcrm\\u00fcz Bo\\u011faz\\u0131\\u2019ndaki geli\\u015fmeler, tanker kapasitesinin yeniden kullan\\u0131labilir hale gelmesi ve Avrupa rafinerilerinin k\\u00e2rl\\u0131l\\u0131\\u011f\\u0131 \\u00f6n\\u00fcm\\u00fczdeki d\\u00f6nemin temel belirleyicileri olacak. Mevcut tablo, enerji fiyatlar\\u0131n\\u0131 a\\u015fa\\u011f\\u0131 \\u00e7ekmenin yaln\\u0131zca arz\\u0131 art\\u0131rmakla de\\u011fil, petrol\\u00fcn d\\u00fcnya genelinde ta\\u015f\\u0131nma maliyetlerini azaltmakla da m\\u00fcmk\\u00fcn olaca\\u011f\\u0131n\\u0131 g\\u00f6steriyor.\\n\"},{\"ts\":\"2026-10-12 02:31:17\",\"content\":\"K\\u00fcresel petrol piyasas\\u0131nda arz endi\\u015felerinin yerini giderek lojistik maliyetler alsa da K\\u00f6rfez petrol ihracat\\u0131 toparlanmas\\u0131na ra\\u011fmen fiziksel fiyatlar y\\u00fcksek kalmay\\u0131 s\\u00fcrd\\u00fcr\\u00fcyor. Goldman Sachs, Basra K\\u00f6rfezi petrol ihracat\\u0131n\\u0131n, dark exports dahil, son iki haftada g\\u00fcnde 22-23 milyon varile \\u00e7\\u0131karak 2025 ortalamas\\u0131na yakla\\u015ft\\u0131\\u011f\\u0131n\\u0131, ancak Dated Brent\\u2019in h\\u00e2l\\u00e2 \\u00e7ok y\\u00fcksek oldu\\u011funu belirtiyor.\\nJPMorgan\\u2019\\u0131n daha muhafazak\\u00e2r hesab\\u0131na g\\u00f6re b\\u00f6lgedeki ihracat 2025 seviyelerinin yakla\\u015f\\u0131k y\\u00fczde 89\\u2019una ula\\u015ft\\u0131; fark\\u0131n \\u00f6nemli b\\u00f6l\\u00fcm\\u00fc dark fleet\\u2019in ne kadar\\u0131n\\u0131n hesaba kat\\u0131ld\\u0131\\u011f\\u0131na dayan\\u0131yor. Goldman, dark exports\\u2019u eyl\\u00fclde g\\u00fcnde yakla\\u015f\\u0131k 5 milyon varil olarak tahmin ederken, toparlanmay\\u0131 \\u00f6zellikle Suudi Arabistan\\u2019\\u0131n \\u00f6nc\\u00fcl\\u00fck etti\\u011fi ham petrol sevkiyatlar\\u0131 ta\\u015f\\u0131d\\u0131; \\u0130ran\\u2019dan ise eyl\\u00fclde deniz yoluyla ham petrol ihracat\\u0131 g\\u00f6r\\u00fclmedi.\\nAncak petrol \\u00fcr\\u00fcnleri taraf\\u0131 belirgin \\u015fekilde zay\\u0131f kald\\u0131 ve dizel, benzin ile jet yak\\u0131t\\u0131 ihracat\\u0131 normalin yakla\\u015f\\u0131k yar\\u0131s\\u0131 seviyesinde seyrediyor. Goldman, bunu b\\u00f6lgedeki rafineri ar\\u0131zalar\\u0131na ve daha yan\\u0131c\\u0131 y\\u00fckler ta\\u015f\\u0131yan k\\u00fc\\u00e7\\u00fck \\u00fcr\\u00fcn tankerlerinin kar\\u015f\\u0131 kar\\u015f\\u0131ya oldu\\u011fu daha y\\u00fcksek riske ba\\u011fl\\u0131yor.\\nHam petrol\\u00fcn al\\u0131c\\u0131lara ula\\u015ft\\u0131r\\u0131lma maliyetini art\\u0131ran tanker s\\u0131k\\u0131\\u015f\\u0131kl\\u0131\\u011f\\u0131 da fiyatlar\\u0131 destekliyor; H\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 \\u00e7evresindeki g\\u00fcvenlik riskleri, alternatif rotalar ve gemiler aras\\u0131 aktarmalar kapasitenin verimsiz kullan\\u0131lmas\\u0131na yol a\\u00e7\\u0131yor. JPMorgan baz\\u0131 g\\u00fczerg\\u00e2hlarda ta\\u015f\\u0131ma maliyetlerinin varil ba\\u015f\\u0131na 35-41 dolar seviyesine \\u00e7\\u0131kt\\u0131\\u011f\\u0131n\\u0131, bunun Avrupa rafinerilerinin k\\u00e2r marjlar\\u0131n\\u0131 bask\\u0131layarak \\u00fcretim kesintisi riskini art\\u0131rd\\u0131\\u011f\\u0131n\\u0131 de\\u011ferlendiriyor.\\nGoldman ayr\\u0131ca Dated Brent\\u2019in yak\\u0131n zamanda varil ba\\u015f\\u0131na 120 dolar civar\\u0131nda oldu\\u011funu, vadeli fiyatlar\\u0131n ise bunun gerisinde kald\\u0131\\u011f\\u0131n\\u0131; bu fark\\u0131n uzun vadeli \\u00fcretim kayg\\u0131lar\\u0131 ve OECD d\\u0131\\u015f\\u0131 ticari stoklar d\\u0131\\u015f\\u0131nda k\\u00fcresel stoklar\\u0131n rekor d\\u00fc\\u015f\\u00fck seviyelere inmesi nedeniyle al\\u0131c\\u0131lar\\u0131n depolar\\u0131n\\u0131 h\\u0131zla yenilemesinden kaynakland\\u0131\\u011f\\u0131n\\u0131 s\\u00f6yl\\u00fcyor. Banka, Brent\\u2019in y\\u0131l sonuna kadar 85 dolara, 2027\\u2019de ise 80 dolara gerilemesini beklese de hafta sonu Husi g\\u00fc\\u00e7lerinin Suudi Aramco tesislerine y\\u00f6nelik iddialar\\u0131, toparlanman\\u0131n \\u00f6nc\\u00fcs\\u00fc olan Suudi varillerine y\\u00f6nelik yeni bir kesinti riskini g\\u00fcndeme ta\\u015f\\u0131d\\u0131.\\n\"},{\"ts\":\"2026-10-12 03:31:08\",\"content\":\"K\\u00fcresel petrol piyasas\\u0131nda arz endi\\u015felerinin yerini giderek lojistik maliyetler alsa da K\\u00f6rfez petrol ihracat\\u0131 toparlanmas\\u0131na ra\\u011fmen fiziksel fiyatlar y\\u00fcksek kalmay\\u0131 s\\u00fcrd\\u00fcr\\u00fcyor. Goldman Sachs, Basra K\\u00f6rfezi petrol ihracat\\u0131n\\u0131n dark exports dahil son iki haftada g\\u00fcnde 22-23 milyon varile \\u00e7\\u0131karak 2025 ortalamas\\u0131na yakla\\u015ft\\u0131\\u011f\\u0131n\\u0131, ancak Dated Brent\\u2019in h\\u00e2l\\u00e2 \\u00e7ok y\\u00fcksek oldu\\u011funu belirtiyor.\\nJPMorgan\\u2019\\u0131n daha muhafazak\\u00e2r hesab\\u0131na g\\u00f6re b\\u00f6lgedeki ihracat 2025 seviyelerinin yakla\\u015f\\u0131k y\\u00fczde 89\\u2019una ula\\u015ft\\u0131; fark\\u0131n \\u00f6nemli b\\u00f6l\\u00fcm\\u00fc dark fleet\\u2019in ne kadar\\u0131n\\u0131n hesaba kat\\u0131ld\\u0131\\u011f\\u0131na dayan\\u0131yor. Goldman, dark exports\\u2019u eyl\\u00fclde g\\u00fcnde yakla\\u015f\\u0131k 5 milyon varil olarak tahmin ederken toparlanmay\\u0131 \\u00f6zellikle Suudi Arabistan\\u2019\\u0131n \\u00f6nc\\u00fcl\\u00fck etti\\u011fi ham petrol sevkiyatlar\\u0131 ta\\u015f\\u0131d\\u0131; \\u0130ran\\u2019dan ise eyl\\u00fclde deniz yoluyla ham petrol ihracat\\u0131 g\\u00f6r\\u00fclmedi.\\nAncak petrol \\u00fcr\\u00fcnleri taraf\\u0131 belirgin \\u015fekilde zay\\u0131f kald\\u0131 ve dizel, benzin ile jet yak\\u0131t\\u0131 ihracat\\u0131 normalin yakla\\u015f\\u0131k yar\\u0131s\\u0131 seviyesinde seyrediyor. Goldman, bunu b\\u00f6lgedeki rafineri ar\\u0131zalar\\u0131na ve daha yan\\u0131c\\u0131 y\\u00fckler ta\\u015f\\u0131yan k\\u00fc\\u00e7\\u00fck \\u00fcr\\u00fcn tankerlerinin kar\\u015f\\u0131 kar\\u015f\\u0131ya oldu\\u011fu daha y\\u00fcksek riske ba\\u011fl\\u0131yor.\\nHam petrol\\u00fcn al\\u0131c\\u0131lara ula\\u015ft\\u0131r\\u0131lma maliyetini art\\u0131ran tanker s\\u0131k\\u0131\\u015f\\u0131kl\\u0131\\u011f\\u0131 da fiyatlar\\u0131 destekliyor; H\\u00fcrm\\u00fcz Bo\\u011faz\\u0131 \\u00e7evresindeki g\\u00fcvenlik riskleri, alternatif rotalar ve gemiler aras\\u0131 aktarmalar kapasitenin verimsiz kullan\\u0131lmas\\u0131na yol a\\u00e7\\u0131yor. JPMorgan baz\\u0131 g\\u00fczerg\\u00e2hlarda ta\\u015f\\u0131ma maliyetlerinin varil ba\\u015f\\u0131na 35-41 dolar seviyesine \\u00e7\\u0131kt\\u0131\\u011f\\u0131n\\u0131, bunun Avrupa rafinerilerinin k\\u00e2r marjlar\\u0131n\\u0131 bask\\u0131layarak \\u00fcretim kesintisi riskini art\\u0131rd\\u0131\\u011f\\u0131n\\u0131 de\\u011ferlendiriyor.\\nGoldman ayr\\u0131ca Dated Brent\\u2019in yak\\u0131n zamanda varil ba\\u015f\\u0131na 120 dolar civar\\u0131nda oldu\\u011funu, vadeli fiyatlar\\u0131n ise bunun gerisinde kald\\u0131\\u011f\\u0131n\\u0131; bu fark\\u0131n uzun vadeli \\u00fcretim kayg\\u0131lar\\u0131 ve OECD d\\u0131\\u015f\\u0131 ticari stoklar d\\u0131\\u015f\\u0131nda k\\u00fcresel stoklar\\u0131n rekor d\\u00fc\\u015f\\u00fck seviyelere inmesi nedeniyle al\\u0131c\\u0131lar\\u0131n depolar\\u0131n\\u0131 h\\u0131zla yenilemesinden kaynakland\\u0131\\u011f\\u0131n\\u0131 s\\u00f6yl\\u00fcyor. Banka Brent\\u2019in y\\u0131l sonuna kadar 85 dolara, 2027\\u2019de ise 80 dolara gerilemesini beklerken, hafta sonu Husi g\\u00fc\\u00e7lerinin Suudi Aramco tesislerine y\\u00f6nelik iddialar\\u0131 ve Trump\\u2019\\u0131n enerji ate\\u015fkesi a\\u00e7\\u0131klamas\\u0131 petrol\\u00fc a\\u015fa\\u011f\\u0131 \\u00e7ekti; buna kar\\u015f\\u0131n Jim Cramer sava\\u015f s\\u00fcrd\\u00fck\\u00e7e ham petrol\\u00fcn 100 dolar civar\\u0131nda kalmas\\u0131n\\u0131 bekledi\\u011fini s\\u00f6yledi.\\n\"}]","footnotes":""},"categories":[1],"tags":[37,6450,38],"class_list":["post-29685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-hurmuz","tag-onemli","tag-petrol"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/29685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29685"}],"version-history":[{"count":3,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/29685\/revisions"}],"predecessor-version":[{"id":29770,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/29685\/revisions\/29770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/29687"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}